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As a broker-friendly professional employer organization (PEO) , ExtensisHR strives to keep its partner community informed of the latest industry developments. To foster success in 2025, clients should confirm their benefits packages remain relevant or adjust them accordingly.
Handling employeebenefits and other HR services in-house is extremely difficult for many small businesses. According to research by Secure Data Recovery, 88% of employees have worked at a small business without a dedicated HR team. Professional employer organizations (PEOs) offer a cost-effective solution to this problem.
Here, explore what you need to know about hiring for seasonal positions, from compliance considerations to incentivizing staff to come back next season, and how a PEO can help you achieve year-round success. Juggling recruiting, compliance, employeebenefits, and more while simultaneously trying to grow the company can be exhausting.
Quick look: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. Two critical tasks: ✓ Review legal and regulatory changes: Ensure compliance with any new labor laws or industry-specific requirements.
For employers, it can be a complex and time-consuming process, fraught with paperwork, deadlines, and the need to ensure that all employees are well-informed and supported. In this guide, we’ll explore practical strategies to streamline open enrollment and how a PEO can help busy SMBs make the most of their benefit election cycle.
A professional employer organization (PEO) can step in as a powerful ally, simplifying operations, reducing costs, and allowing medical practices to focus on what truly matters most. This is where a professional employer organization (PEO) can step in to provide valuable assistance. PEOs rectify this issue with its recruiting services.
Overall HR Tech M&A Trends and Insights Three big things to note: 1) Lots of movement in the PEO space. I haven’t really listed deals below on this, but there are so many payroll companies and smaller PEOs with leaders reaching retirement age that are selling off the company. We follow the team at HRTech.sg
Are rumors about companies that have had professional employer organization problems keeping you from hiring a PEO? But let’s take a close look at six myths about PEOs. But rest assured — a PEO is employer for certain purposes only (e.g., As a co-employer, a PEO works right alongside your business.
From recruiting employees and handling payroll to ensuring compliance with labor laws, HR tasks require constant attention and expertise. Larger enterprises also turn to HRO providers to improve efficiency, ensure compliance, and manage workforce-related challenges. HRO providers offer a cost-effective alternative.
Quick look: A PEO partnership can help small businesses grow, stay compliant, offer competitive benefits, and retain valuable employees. However, some organizations shy away from a PEO out of fear that a co-employment relationship is the same as employee leasing. What is employee leasing?
According to the National Association of Professional Employer Organizations (NAPEO), 180,000 small and midsize businesses use professional employer organizations (PEOs).¹ Larger companies are also increasingly turning to PEOs. Rigorous vetting and requirements set CPEOs apart from PEOs. What is a certified PEO?
Professional employer organizations (PEOs) : Organizations that enter into a joint-employment relationship with a business and provide comprehensive solutions for HR, payroll, risk and compliance, employeebenefits, recruiting, and more. And the PEO industry is booming.
Level up your performance and talent management strategies with a PEO Daily responsibilities often leave small business leaders strapped for time, and as pivotal as performance and talent management are, they may fall to the wayside so more urgent matters can be addressed.
Here, we explore the importance of payroll, how PEO payroll services impact SMBs across the country, and all the other ways PEOs help businesses, too. Other companies offload their payroll responsibilities to a payroll service provider or a professional employer organization (PEO). Some PEOs, like ExtensisHR, are IRS-Certified.
Quick look: SHRM recently released its annual employeebenefits survey depicting what benefits remain high-priority and which are trending upward. Though the popularity of some benefits may not come as a surprise, there are a few important changes to note which brokers can help their clients get ready for.
Here’s how brokers who partner with a PEO can help clients avoid dishonest providers and offer their employees reputable virtual solutions. By partnering with a PEO, brokers can provide a trusted employeebenefits package, including telehealth services, that has been vetted by a seasoned benefits administration and management team.
Designed to highlight critical industry developments, ExtensisHR’s 2024 Trends Report features insight from our professional employer organization (PEO) subject matter experts. Your organization may not have extra time to devote to the intricacies of HR trends and employer compliance concerns, but a PEO does.
ExtensisHR’s PEO Premier® delivers HR services with an edge, complete with a personalized approach, saving time, costs, and sanity. Rather than being left behind on the latest in HR compliance, trends, and operations, why not offer clients the benefit of a professional employer organization (PEO) partner with its own premier solution?
It was a time of uncertainty and back-and-forth changes, but what evolved was an insightful perspective of what employeesbenefited from most which ultimately set the tone for expectations today. Working with a PEO automatically expands a brokers service offerings by providing clients with tailored HR and benefit solutions.
Co-employment is a contract and sharing of employer responsibilities between a PEO and its client, an employer. Benefits of the co-employment business model used by PEOs include giving client companies access to a broader spectrum of employeebenefit plans, sharing employer risk, and shifting fiduciary liability of 401(k) plans to the PEO.
A Professional Employer Organization (PEO) is a firm that provides comprehensive HR solutions to businesses by handling payroll, employeebenefits, regulatory compliance, tax administration, and other workforce management functions. You may read more about PEO statistics here. How Does A PEO Work?
Professional Employer Organizations (PEOs) help businesses manage essential HR tasks like payroll, employeebenefits, and compliance. By partnering with a PEO, companies can focus on growth while outsourcing time-consuming administrative work.
Professional Employer Organizations (PEOs) provide comprehensive HR solutions for businesses by handling payroll, benefits administration, compliance, and risk management. By partnering with a PEO, businesses can outsource essential HR functions, allowing them to focus on their core operations.
Our second most-read blog in 2024 discusses other perks of HR outsourcing, including: The ability to leverage comprehensive HR expertise Assistance with compliance and minimized risk Access to the latest HR technology Tools to better hire and retain talent And more Read more > 3.
Employeebenefit administration and analysis In today’s hyper-competitive market, employees consider their benefits a critical component of their total compensation. Risk management and compliance A culture of compliance is essential in today’s business world. Could your HR team use an extra set of hands?
Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program.
This collective call for support gives brokers and PEOs an opportunity to work together to help clients ease their HR burden and prolong business growth. Managing employeebenefits has become more complex over the years, which is why more companies are choosing to outsource these functions.
To help clients maximize their benefits and feel confident in their choices, making the connection to a PEO partner can simplify and streamline the entire process. For many employers and their employees, the time for open enrollment comes and goes in the blink of an eye.
Navigating HR , compliance , and employeebenefits can be challenging for small businesses. At Helpside, we emphasize the word “ partner ” to describe the relationship between your business and a PEO. Myth #2 “All PEOs are the same.” Fact PEOs are not all the same.
With the rise of the gig economy and the growing trend of remote work, employers are struggling to keep up with the changing regulations and compliance requirements. The EOR is responsible for tasks such as payroll processing, tax withholding, benefits administration, and compliance with employment laws and regulations.
Here, we highlight this years five most popular ExtensisHR broker blogs which reflect top talking points like maximizing the value of employeebenefits, the importance of providing a seamless client implementation process, and more. years Benefit Operations 8.4 years Benefit Management 20.7 years Payroll 11.3
This is where partnering with a Professional Employer Organization (PEO) can make all the difference. Here are some reasons why working with a PEO is a strategic move for businesses in 2025. A PEO helps you stay compliant by: Providing expert guidance on state and federal employment laws.
However, this long-held strategy is unsustainable when it comes to employee recruitment and retention. Factoring this in maximizes employeebenefit participation and optimizes costs for SMB employers, achieving a win-win scenario. Rather, relevancy has become a top priority when creating health plans.
A strategic way brokers can encourage business growth is by connecting clients with a professional employer organization (PEO) to save costs, stay competitive, and keep the focus on core operational activities. A PEO partner serves as a complement to guide SMB leaders through their challenges and questions.
Global HR services help small to mid-sized companies access top talent from other geographic areas without having to set up a legal entity in each country within which an employee resides. Local expertise: In-country personnel that have experience in the local tax, labor, and employment laws to ensure regulatory compliance.
Quick look: For some clients, HR outsourcing is the best of both worlds: they gain access to the same high-touch offerings as PEO clients but remain the employer of record. However, most HRO and PEO solutions allow employers to maintain authority over hiring and firing.
Failure to adhere to the FMLA may result in investigations, lawsuits, and fines, which is why some employers subcontract their risk and compliance management to an HR outsourcing company. That’s when a professional employer organization (PEO) comes into play. Explore our PEO solution , or contact us today to learn more.
Working with a PEO allows small businesses to have access to affordable employeebenefits that are typically only available to larger companies, which can help companies attract the best employees and reduce turnover.
Quick look: Employee expectations for well-being benefits top the list of priorities among business leaders since a lack of these offerings coincides with greater job dissatisfaction. As a result, a focus on benefit relevancy is as important , if not more so, than the number of benefits available.
All these activities govern how satisfied employees are and influence the quality of their work output and retention. This includes policies, procedures, programs, systems and compliance. Ensure organizational compliance with current laws For any organization, compliance is the single most important risk-management action you can take.
As a business leader, you may have heard the term “PEO” before, but you may not know what they are or how they can help. PEO stands for Professional Employer Organization. And businesses who partner with a PEO 7-9 percent faster, have 10-14 percent lower employee turnover, and are 50 percent less likely to go out of business.
This leads some to long for a trusted, skillful extra set of hands, and thats precisely what a professional employer organization (PEO) offers. Discover how in-house HR experts and PEOs can unite to streamline talent acquisition, maintain compliance, manage daily administrative tasks, and more. What is the role of a PEO?
Fisher Phillips : A law firm specializing in labor, employment, corporate compliance and governance, data security, employeebenefits, and more. PEOs feature a co-employment relationship and also offer SMB employers access to competitive benefits through the PEO’s purchasing power and economies of scale.
Unlike a Professional Employer Organization (PEO) , which enters into a co-employment arrangement, an ASO allows companies to maintain full control over their workforce while outsourcing administrative burdens such as payroll processing, compliance management, benefits administration, and HR support.
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